Posts
Nothing
- no problem that was in the headlines - or not - ever goes away. The
only thing that changes is the focus of our attention, whether it is
the destruction of the Living Planet and abrupt climate change or the
rush towards World War 3.
Today
if just happens to be panic on the stock markets, oil breaking
through the important $30 level.
Meanwhile
the Powers-that-were are trying to divert your attention. "Don't
look at this. Look at that"; "the market had another case
of the jitters"
Be
prepared and brace for impact.
----
Meanwhile
a Big Fat NOTHING on this from Radio New Zealand
(‘Pravda-upon-the-South Seas) or anywhere else in the NZ media.
It’s Saturday and everyone’s at the beach and besides – all
this is not for little Hobbits.
Meanwhile,
accordign to Radio NZ the markets had ‘another case of the jitters
yesterday.
You
wouldn’t read about it!
RT,
15
January, 2016
Fear
gripped markets on Friday, with the Dow Jones Industrial Index
falling more than 500 points. Global stocks suffered in the wake of
oil prices dropping below $30 a barrel and sell-offs occurring in the
Chinese stock markets.
The
S&P 500 fell below its August low of 1,867, trading more than 3
percent lower by midday. The Dow also showed a drop of more than 3
percent, losing over 500 points. The Nasdaq composite lost more than
4 percent during the same period.
The
sell-off dashed hopes about stability on Wall Street, coming just a
day after US markets had their best day in over a month. On Thursday,
the Dow had jumped 228 points, a nearly two percent increase for the
day.
Bloomberg Markets
The Dow is now down 520 points http://www.bloomberg.com/news/articles/2016-01-14/asian-stocks-poised-to-track-rebound-as-oil-recovers-bonds-drop …
The
panicked selling was sparked by a nearly 6 percent slide in
US-produced crude oil that pushed prices below the critical $30 a
barrel mark. Investor anxiety in mainland China compounded global
worry, with the Shanghai Composite dropping 3.6 percent.
zerohedge
The
Federal Reserve’s recent policy of hiking interest rates may have
led financial professionals to sell equities, according to Boom
Bust’s Edward Harrison.
“Many
analysts look at markets as forward-looking, meaning they rise or
fall in anticipation of how earnings and the economy will fare in the
future.” Harrison said. “Therefore, many market watchers are
taking the recent fall in equity markets in the US and globally are a
sign that financial conditions have tightened too much in the wake of
the Fed’s first rate hike. This should be a signal to the Fed that
its present tightening policy bias now carries significant downside
risk both for markets and the real economy.”
As
of 1:10 pm EST, the Dow industrial was down 489 points (2.99
percent), and the S&P 500 had dropped 55 points (2.9 percent).
The
Dow industrial and the S&P 500 indexes have dropped nearly 9% so
far this year, while the Nasdaq has slid by 11%
Bloomberg
Bloomberg
Stocks
tumbled around the world, with U.S. equities headed for their lowest
levels since August, and bonds and gold jumped as oil’s plunge
below $30 sent markets reeling. Treasuries extended gains as economic
data and earnings added to concern that global growth is faltering.
The
Dow Jones Industrial Average sank 404 points, European stocks fell
into a bear market and the Shanghai Composite Index wiped out gains
from an unprecedented state-rescue campaign as global equities added
to the worst start to a year on record. Oil touched $29.28 a barrel
as Iran prepares to export into a global supply glut. A measure of
default risk for junk-rated U.S. companies surged to the highest in
three years. Yields on 10-year Treasury notes dipped under 2 percent
as doubts grow that the Federal Reserve will raise interest rates.
Gold surged 1.6 percent with the yen on haven demand.
the Guardian
Losses
followed worldwide declines due to concerns about health of the
Chinese economy and falling oil price and extend US markets’ worst
ever start to the year
"Venezuela oil price: $24.38"
ReplyDeleteThe war on Venezuela continues apace.